More than 18 years after defence manufacturing was opened up to the private sector, state-owned enterprises still rule the roost, contributing four times more than privately-held entities, latest government data shows.
In a rare set of numbers shared in parliament, the defence ministry has said that the annual turnover of private sector companies in the defence and aerospace sector is close to Rs 15,000 crore, with public sector units’ over four times as large at Rs 63,208 crore. Read More…
